Financial Issues And Leadership: Poor Business Management Or Leadership

729 Words 3 Pages
Opening a business has not been an impossible task in the past years. In certain markets starting up a business and growing it is much easier, in comparison. However, a lot of these new launched businesses fail in the long run. Now, it can be due to financial difficulties, high level of competition, poor business management strategy etc.

There have been a lot of articles about the financial issues and competition. So I skip that part and focus on my favorite subject “Poor Business Management or Leadership”.

Everything starts in the office. What happens there?

Many business owners have the false idea that being successful in the market is all about providing good products or services. Very few consider company’s internal strategies as important
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We know managers are “busy” characters. They have tried hard to grow their business , balance the number of employees, build a reputation in the market, and in fact some of them have now more than one office and obviously they have out of office life too.

While they are developing their business and getting busy with so many things they lose attention on the human factor in the business. Very rarely, will you find them in office. And if they have more than one office, then chances are that employees of one of the offices never see their Busy-Boss. Usually, a line manager or country manager in these offices takes care of the company. Now, whether this person is responsible enough can be measured based on the revenue of company and total profit and loss as well as the reputation that business has gained since that person came on board.

What is the risk, here? More often than not, business owners trust the person they appoint as their replace when they are away and this causes them losing control in the office. Observations and experience have proved that employees do not take this replaced person as serious as they should. Unless he or she is extremely responsible and has strong leadership skills. How many of those do we know in real
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But usually Business owners and top managers fail to listen to these voices and rely on their own ideas or traditional methods. Now, I am aware that there are companies out there that do ask their staff’s opinions and suggestions, but haven’t seen many who actually give these new ideas serious thoughts. Is it because they do not see any reason or is it because they don’t think it works? Can we get help from market research analysts to study and prepare reports on risks and benefits of the presented

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